For many people pre paying for their funeral provides peace of mind, as it ensures that money is not only set aside, but also helps to relieve their family and loved ones of the financial responsibility when the time comes. Plus, pre-paid funerals up to $10,000 are currently excluded from asset testing (under government legislation) when assessing eligibility for a subsidy for long term residential care for the elderly.
Unlike an insurance policy, which will only cover you if you're up to date with your payments, a pre payment scheme invests your money for you to call on, when the need arises. Additionally, an insurance policy can cost many thousands of dollars over the actual cost of a funeral.
Talk to us today about pre-paying for your funeral, either putting aside a lump sum towards the costs, or paying in installments.